Economic Outlook Darkens

empire revoltAfter six years of monetary and tax policies that could have not been better designed to destroy savings and the savings ethic, you’d think governments might have learned some sort of lesson. They are having none of it. Instead Japan is hell-bent on monetary kamikaze, and the ECB is now warming us up for negative interest rates and/or QE.
The problem is far from being understood: if anything the destruction, even confiscation of savings, and the creation of yet more money are set to accelerate in a futile attempt to buy off the inevitable.
Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into another financial crisis. 
And bond yields are telling us to batten down the hatches for the next crisis: it could be worse than 2008.

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Jim Rickards: “Next Collapse Will Be Exponentially Bigger- Dollar Will Collapse 90% or More!”

panic crashFinancial expert and best-selling author, James Rickards, thinks the international monetary system is headed for a collapse.”  .  Fast forward to today.  When the next collapse comes, it is going to be bigger than the last one.  It’s going to be exponentially bigger.  The five biggest banks were too big to fail in 2008, today they are bigger.  They own a larger percentage of the total banking assets. . . . When you double or triple the scale of the system, you don’t double or triple the risk.  You increase the risk by an exponent that could be 10 times or 100 times greater.”
On the Fed engineering another 2008 type bailout, Rickards claims, “The last crisis was barely enough for the Fed to contain.  They have used up all their dry powder.  They can’t take the balance sheet any higher.  They are already insolvent. . . . The game is up.”
Rickards foresees big inflation because the U.S. dollar’s buying power will shrink.  Rickards predicts, “Imagine gas at $20 a gallon and bread at $10.  That’s what we’re talking about.”  So, if big inflation is coming, what about gold?  Rickards says, “When I say the price of gold is going to $7,000 or $9,000 per ounce, which I expect it will, what I am really saying is the dollar is going to collapse 80% or 90% or more.”  It did in the 1970’s.  None of this is unprecedented.  It all happened before.”   [Read more...]

Why 2014 Is Beginning to Look A Lot Like 2008

gold MSM MopeDoes anything about 2014 remind you of 2008?
For example, the increasing signs of stress in the global financial system, from periphery currencies crashing to China’s shadow banking bailouts to the constant flow of official assurances that all is well and whatever situations aren’t well are on the mend.
The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc.  certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like defaulting mortgages.
However, the next crisis will not be a repeat of 2008 but a much less fixable and much more monumental crisis.

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Banker Clean-Up: We Are At the Precipice of Something So Big, It Will Shake the Financial World to its Core!

banker jumpI feel that this is one of the most important investigations I’ve ever done. If my findings are correct, each of us might soon experience a severe, if not crippling blow to our personal finances, the confiscation of any wealth some of us have been able to accumulate over our lifetimes, and the end of the financial world as we once knew it.  The evidence to support my findings exists in the trail of dead bodies of financial executives across the globe and a missing Wall Street Journal Reporter who was working at the Dow Jones news room at the time of his disappearance.  If the bodies were dots on a piece of paper, connecting them results in a sinister picture being drawn that involves global criminal activity in the financial world the likes of which is almost without precedent.  It should serve as a warning that we are at the precipice of something so big, it will shake the financial world as we know it to its core.
Although the trail of mysterious and bizarre deaths detailed below begin in late January, 2014, there are others. Not only that, there will be more, according to sources within the financial world. Based on my findings, these are not mere random, tragic cases of suicide, but of the methodical silencing of individuals who had the ability to expose financial fraud at the highest levels, and the complicity of certain governmental agencies and individuals who are engaged in the greatest theft of wealth the world has ever seen.
We appear to be witnessing a clean-up where JPMorgan and Deutsche Bankers are at the epicenter of it all.
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THE COMING SILVER STORM: The Public Is Not Prepared!

gold stormThe financial sky is growing dark.  The stock markets are experiencing volatile trade winds.  The barometer of the economy grows weak as indicators point to another recession looming on the horizon.
The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.

The Precious Metal Storm is coming… unfortunately, the public is not prepared. [Read more...]

Doug Casey: The Worst is Yet to Come!

worst-is-yet-to-comeDoug Casey joins the Prepper Recon to talk about the other side of the financial hurricane. He compares our present situation to being in the eye of the hurricane which is notorious for a false sense of calm.
Casey explains how the excessive amount of US dollars will cause the side of the hurricane to be much more destructive than what we saw in 2008.
In Doug Casey’s words: “The worst is yet to come!
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Gerald Celente: “Panic On the Street!”

Gerald Celente Boom BustGerald Celente joins Boom Bust to discuss the panic gripping the US regarding the downturn: ‘There’s panic on the Streetsimply because the economy is faltering.
Gerald talks about the Fed, the US Economy and global economic trends. The US Federal Reserve has pared its QE program even before Janet Yellen took the reins- the question for Celente is what this means for the US economy?
Yields have gone down, not up. But Celente believes this will not last and that the economy is faltering. [Read more...]

Doug Casey: We Are Going to Have a Fantastic Depression, Gold/Silver More Important to Own than 1971 or 2001!

empire revoltDoug Casey of CaseyResearch.com warns, “Were going into what I call ‘The Greater Depression.’ It’s going to be much more serious than what happened in the 1930′s. . . . A depression is a period of time when most people’s standard of living drops significantly.” Casey explains, “There is a gigantic amount of debt in the U.S. at all levels—governmental, corporate and individual. Debt is a sign you have been living above your means. It’s a debt bubble, and this is a major reason the government wants interest rates low. When interest rates rise, it makes it harder for people in debt to service that debt. They are simply delaying the inevitable at this point, but it is inevitable what is going to happen, and we are going to have a fantastic depression.
On physical gold and silver, Casey says, “Gold is more important to own and perhaps a better bargain now than in 1971 or 2001, and the same is true of silver.”
Join Greg Hunter he goes One-on-One with investor Doug Casey. [Read more...]

Greg Hunter: Economic Collapse Within a Year – PREPARE NOW!

snapIn this interview with Finance & Liberty’s Elijah Johnson, Greg Hunter discusses:
-Germany’s top financial regulator says that precious metals manipulation is worse than the LIBOR rigging scandal
- The Federal Reserve has NO GOLD
- Those in Washington Know We Are Headed Towards ECONOMIC Crisis
– China buying up economic power from the United States?
- Current crisis is threatening our personal liberties
- Financial collapse will occur within a year, “This is a mathematical calculation that we’re headed for another financial calamity [Read more...]

20 Early Warning Signs That We Are Approaching A Global Economic Meltdown

silver investment demand jumpsHave you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China?  If you are like most Americans, you have not been.  Most Americans don’t seem to really care too much about what is happening in the rest of the world, but they should.  In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks.  We are not at a “global crisis” stage yet, but things are getting worse with each passing day.  For a while, I have felt that 2014 would turn out to be a major “turning point” for the global economy, and so far that is exactly what it is turning out to be.
The following are 20 early warning signs that we are rapidly approaching a global economic meltdown… [Read more...]

Bill Black: US Financial System Has Already Imploded!

collapseProfessor William Black is a former financial regulator and an expert in white collar crime. According to Black, the financial system is headed for an even bigger collapse.  As a major warning sign, Professor Black points to Treasury Secretary Jack Lew’s recent complaint about no money for regulation in the recent budget deal. Professor Black says, “Jack Lew is the anti-canary in the coal mine because Lew has been gutting regulation for virtually all of his professional life. . . . Lew is saying, my God we’ve gone so far we’re going to cause the collapse of the system. . . . You know when Jack Lew keels over, you know that carbon monoxide has already killed everybody reasonable.” Professor Black goes on to say, “The system is ungovernable . . . It has already largely imploded.”
Join Greg Hunter as he goes One-on-One with former bank regulator William Black.
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The Case for a Crash in 2014

With the 2013 Santa stock market rally in full euphoric swing, any discussion of a crash in 2014 strikes a note of cognitive dissonance. With the Fed promising to keep interest rates at zero until 2099 (or whatever date signifies “forever”), the prospects of ever-higher prices in every asset class never seemed brighter.
But the nagging question remains: if everything is so great, why does the Fed need to keep interest rates at zero forever?
As a result, there are two mutually exclusive forecasts floating around: that the Great Bull Market will run for years to come, so no worries; and that markets are exhibiting bubble-like characteristics that presage another crash.
The “new normal” phase strongly implies that future declines will be as dramatic as the advances and that the five-year clock is ticking on the current equities Bull market. Forecasting an advance that lasts years beyond this five-year pattern is equivalent to forecasting that the “new normal” phase is now ending and a new phase of much longer Bull advances is beginning.
Stripped of complexity, the charts suggest that the current run will top out within the next few months and retrace most of the advance from 2009; i.e., a crash of significant amplitude. [Read more...]

New EU Bail-In Agreement Yesterday – What Bail-Ins Would Look Like

economic collapseThe EU agreed new rules yesterday for bank bailouts or “bail-ins.”
The new system will take effect from 2016 but emergency resolutions can be brought forward in the event of banks failing in the interim period. The “bail-in” will require that shareholders, bondholders and importantly now depositors will all suffer ‘haircuts’ or be burnt if a financial institution is in trouble.
The European parliament confirmed in a statement overnight that depositors with more than 100,000 euros ($137,000) would be bailed in after shareholders and bondholders. It is important to note that the 100,000 figure is an arbitrary figure and there is a possibility that this figure could be reduced by an insolvent government faced with an imploding banking system. [Read more...]

How Likely Are Bail-Ins? Bank of England Says U.S. “Could Do Today”

BOE Says U.S. “Could Do Today” And U.S Authorities Doing Simulation Exercises.
The U.S. already has in place plans for bail-ins in the event of banks failing. Indeed, the U.S. has conducted simulation exercises with the U.K. in recent weeks and will do so again in 2014.
On October 12, Art Murton, the FDIC official in charge of planning for resolutions, and the Bank of England’s Deputy Governor Paul Tucker, both confirmed that the U.S. system is ready to handle a big-bank collapse.
The Bank of England’s
Tucker, who has worked with U.S. regulators on the cross-border hurdles to taking down an international firm said that “U.S. authorities could do it today — and I mean today.” [Read more...]

Your Financial Survival Depends on Gold & Silver

economic collapseThe United States is crumbling from within, engaging in self-destruction.  It has been helped, actually intentionally directed by what we call the New World Order, those elitists who control the entire Western banking system.  It has been the purpose of the moneychangers to overtake and destroy from within the capitalistic United States.  That plan has succeeded.  The New World Order has been in direct charge of the United States since 1933, when the US went bankrupt, shutting down the entire banking system and reopening it with the privately owned, [by the elites], Federal Reserve in charge.
The one asset no banker can control or diminish in value is gold and silver.  Both metals are the wooden stake in the heart of all fiat.  The answer, at least for us, as to why there has been such a disparity between ever-increasing world demand for gold and silver, and ever decreasing price levels for the past few years, is the control which the financial elites exert over all Western governments.
The US is at the end game of its survival.  Those who are buying, accumulating, and personally holding physical gold and silver stand the best chance for economic survival when and as the US  “dollar” is devalued and the financial system collapses. [Read more...]